Business
The Source expands as Best Buy shrinks
Feb 1, 2013 / 7:44 am
The Source electronics retail chain plans to open 20 new locations this year across Canada, continuing an expansion that added dozens of stores last year.
Most of the more than 700 locations operated across Canada by The Source are much smaller than the big-box stores operated by U.S. retailers.
The Source's expansion announcement follows the sudden closure of 15 Canadian big-box stores owned by electronics retailer Best Buy, throwing about 900 people out of work with little or no warning.
Many of the stores doing business as The Source are former Radio Shack stores.
The name was changed after U.S.-based Circuit City acquired the Canadian operations.
Circuit City later declared bankruptcy and closed all its U.S. locations but the Canadian business survived and was acquired by Montreal-based BCE Inc. to complement its Bell products and services.

Read more Business News

Today's Market
| S&P TSX | 12641.58 | -110.92 |
| S&P CDNX | 934.78 | -7.30 |
| DJIA | 15297.88 | -9.29 |
| Nasdaq | 3498.965 | +33.722 |
| S&P 500 | 1639.61 | -15.74 |
| Gold | 1394.80 | +27.2001 |
| Lumber | 316.00 | -4.50 |
| Oil | 96.05 | -0.11 |
| Natural Gas | 4.18 | -0.006 |
| CDN Dollar | 0.967 | N/A |
_
Okanagan Companies
| Sun Rype | 6.10 | -0.15 |
| Pacific Safety | 0.05 | 0.00 |
| Knighthawk | 0.02 | 0.00 |
| QHR Technologies Inc | 0.60 | 0.00 |
| Cantex | 0.015 | 0.00 |
| Anavex Life Sciences | 0.52 | 0.00 |
| Metalex Ventures | 0.085 | 0.00 |
| Russel Metals | 26.45 | -0.27 |
| Copper Mountain Mining | 1.67 | -0.10 |
| Colorado Resources | 1.38 | -0.01 |
| ReliaBrand Inc | 0.13 | 0.00 |
_

Tips for a stress-free summer moveThe majority of Canadians prefer to make their big move during the summer season. There are a variety of reasons for choosing this time of year: it is easier to transport boxes in non-icy condition...
Income properties for sustained recoveryIt appears as though more people these days are looking for an investment in real estate which offers cash flow returns. The fundamentals of cash flow type properties had been turned upsi...
Get in the LoopGetintheloop Marketing Ltd. recently launched their membership platform, Getintheloop.ca. The new website offers an exclusive members area for access to discounts in the South Okanagan on premium res...
_
- The buck is up - a little
- Cheap deadly cars made in Brazil
- Bangladesh to raise wages
- Open for business
- 'Gatsby' earns $51.1M, 'Iron Man' $72.5M
- Chrysler recalls nearly 470,000 SUVs
- Bell not interested in selling more Astral
- Loonie dips over a quarter
- Taxman and the offshore tax havens
- Sharktopus views turns on YouTube TV
- Social media makes Disney blink
- BCE looks to cut $170 million

Showcase your business like no other marketing can and Join the growing number of businesses that get more customers.
Learn more here













